Cambridge Analytica Has Filed for Bankruptcy in the U.S

Cambridge Analytica, overwhelmed by a scandal over how it harvested data from Facebook to influence the last U.S. election, filed for bankruptcy in New York.
The U.K.-based political consulting firm had already said it would cease operations and wind down in its home country and the Chapter 7 petition in New York will address issues raised by U.S. creditors. The filing listed estimated liabilities of $1 million to $10 million.
The American proceeding could also shed light on some of the company's relationships and finances, as U.S. legal proceedings are more transparent than those in the...Read more ...